Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.69% |
| 2 | Technology | 12.68% |
| 3 | Financials | 12.18% |
| 4 | Consumer Discretionary | 10.77% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
Sprouts Farmers Market
SFM
$7.35B
| $10M | 0.02% |
425,538
-30,305
| -7% | -$789K |
|
1127
Parker-Hannifin
PH
$124B
| $9.99M | 0.02% |
66,990
-836,048
| -93% | -$135M |
|
1128
PUT
Weyerhaeuser
WY
$17.6B
| $9.98M | 0.02% |
456,600
| – | – |
|
1129
Shenandoah Telecom
SHEN
$668M
| $9.97M | 0.02% |
225,315
+47,362
| +27% | +$2.02M |
|
1130
Texas Capital Bancshares
TCBI
$4.3B
| $9.96M | 0.02% |
194,877
-2,239,124
| -92% | -$141M |
|
1131
Agios Pharmaceuticals
AGIO
$2.12B
| $9.96M | 0.02% |
215,902
+160,493
| +290% | +$9.91M |
|
|
VRNT
1132
DELISTED
Verint Systems
VRNT
| $9.91M | 0.02% |
459,670
-567,116
| -55% | -$13M |
|
1133
Monolithic Power Systems
MPWR
$63.4B
| $9.9M | 0.02% |
85,149
+361
| +0.4% | +$43.2K |
|
1134
National Health Investors
NHI
$3.85B
| $9.89M | 0.02% |
130,990
-26,956
| -17% | -$2.03M |
|
|
FMBI
1135
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $9.89M | 0.02% |
499,455
+488,096
| +4,297% | +$11.2M |
|
1136
Pegasystems
PEGA
$4.9B
| $9.87M | 0.02% |
412,784
+6,030
| +1% | +$158K |
|
|
TBRG
1137
DELISTED
TruBridge
TBRG
| $9.87M | 0.02% |
+393,287
| New | +$10.3M |
|
1138
iShares MSCI Mexico ETF
EWW
$1.93B
| $9.86M | 0.02% |
239,401
+141,196
| +144% | +$6.14M |
|
1139
Albemarle
ALB
$13.4B
| $9.86M | 0.02% |
127,916
+110,408
| +631% | +$10.4M |
|
|
AY
1140
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $9.8M | 0.02% |
499,828
+439,588
| +730% | +$8.71M |
|
1141
iShares MSCI Indonesia ETF
EIDO
$469M
| $9.79M | 0.02% |
394,299
+306,032
| +347% | +$7.12M |
|
1142
LivePerson
LPSN
$22.4M
| $9.79M | 0.02% |
34,597
+29,482
| +576% | +$9.09M |
|
|
TMCXU
1143
DELISTED
Trinity Merger Corp. Unit
TMCXU
| $9.79M | 0.02% |
950,000
| – | – |
|
1144
Aon
AON
$81.2B
| $9.73M | 0.02% |
66,951
-119,797
| -64% | -$18.6M |
|
1145
Taylor Morrison
TMHC
| $9.73M | 0.02% |
612,020
-4,599,793
| -88% | -$75.1M |
|
1146
Valmont Industries
VMI
$9.33B
| $9.73M | 0.02% |
87,690
+49,187
| +128% | +$6.13M |
|
1147
NeoGenomics
NEO
$1.73B
| $9.71M | 0.02% |
770,201
+758,552
| +6,512% | +$11.3M |
|
|
AFMD
1148
DELISTED
Affimed
AFMD
| $9.71M | 0.02% |
312,191
+21,088
| +7% | +$784K |
|
1149
Radware
RDWR
$1.19B
| $9.69M | 0.02% |
426,793
-96,971
| -19% | -$2.24M |
|
1150
PUT
Ulta Beauty
ULTA
$21.5B
| $9.62M | 0.02% |
39,300
-8,500
| -18% | -$2.35M |
|
Similar funds
Millennium Management's Q4 2018 Portfolio in Review
As of Q4 2018, Millennium Management held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Athenahealth, Inc. worth $135M.
- Millennium Management's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Millennium Management added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Millennium Management's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Millennium Management fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Millennium Management's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Millennium Management opened 702 new positions and closed 844 in Q4 2018.
- Millennium Management's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.